It’s a dangerous time to be a bad CEO – The Washington Post

In its annual report, released Tuesday, the Conference Board found that among Standard & Poor’s 500-stock index companies that were in the bottom group of performers — as ranked by their total shareholder return — the CEO succession rate jumped five percentage points, from 12.2 percent in 2015 to 17.1 percent in 2016. That’s well above the 13.9 percent average over the past 16 years, said Matteo Tonello, the Conference Board’s managing director of corporate leadership, and the highest rate since 2002, when 21.2 percent of S&P 500 companies made a change at the top.